Whether it is a slowing economy spurred on by the energy crisis or the automation of tasks, Big Tech companies are streamlining. Microsoft is among the tech giants reorganizing, laying off staff, and generally downsizing its employee base. In the latest display of this policy, the company is now laying off around 1,000 employees from Xbox and other divisions.
Microsoft confirmed the layoffs to CNBC, stating:
“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead.”
Almost 1,000 employees will lose their jobs in major divisions. Along with Xbox, staff will also leave from Azure, While Microsoft confirms it is laying off staff, the company does not discuss specifics around the numbers involved.
Layoffs are fairly common, with Microsoft firing employees annually across various divisions. So, this is nothing really new but even so, it is easy to sympathize with those who are losing their jobs. Especially during a time when Microsoft continues to thrive with massive revenues, and is splashing the cash on multi-billion acquisitions.
Back in July, Microsoft said it was cutting around 1% of its staff to introduce the new fiscal year.
“Today we notified a small number of employees that their roles have been eliminated,” a Microsoft spokesperson told CNBC. “This was a result of a strategic realignment, and, like all companies, we evaluate our business on a regular basis. We continue to invest in certain areas and grow headcount in the year ahead.”
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